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65 of crypto investors are HODLers In June exchanges resumed

Date:2024-07-22 18:10:59 Channel:Exchange Read:


The four most famous international exchanges:

Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
Binance International Line OKX International Line Gate.io International Line Huobi International Line
China Line APP DL China Line APP DL
China Line APP DL
China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


Coin Circle (120Btc.com) News: Two research reports from Broadridge and CCData show the current status of current investors and centralized exchanges (CEX) in the crypto market.

More than half of investors make profits through centralized exchanges

According to a study of 2,000 people in the United States, Canada and the United Kingdom published by financial technology company Broadridge on Tuesday, as many as 65% of respondents regard cryptocurrency as a "long-term investment". The remaining investors who use it for regular transactions, collections or payment functions do not exceed half, which shows that some investors hold cryptocurrencies for a long time, rather than just short-term speculation.

In addition, as the oldest and most popular cryptocurrency, more than 70% of respondents include Bitcoin in their investment portfolios, while other crypto assets related to stablecoins, NFTs and government issuance can clearly show that the holders are relatively scarce, only about 20%.

It is worth mentioning that more than half of investors prefer to earn income from centralized exchanges (CEX) rather than decentralized exchanges (DEX) and mining, which reflects the importance of CEX and the booming development of the current crypto KOL promotion rebate ecosystem, and of course, potential security concerns.

In addition, media reporting crypto news are the primary source of information for respondents, and about 40% of them will check related websites regularly. The second is through Twitter.

What is worrying is that white papers are an important basis for a complete understanding of crypto projects, but the usage rate among respondents is relatively low. Only slightly more than 20% of people will check before investing, and most of them only use their financial status or the team behind them as a basis for judgment.

Centralized exchanges have a significant increase in trading volume in June compared with the previous month

According to a research report cited by Cointelegraph citing CCData, CEX's spot and financial derivatives trading volume increased by 14.2% in June to US$2.71 trillion. The market share of the exchanges accused by the SEC, Binance.US and Coinbase, has dropped significantly in the past month, by 1.4%, 0.8% and 0.08% respectively.

However, even with a net outflow of $770 million on the day of the accusation, Binance is still the preferred place for crypto derivatives, with a trading volume of over $1.21 trillion in June. The second is OKX, with a trading volume of $416 billion, which also benefited from the influx of users accused by Binance, with an activity increase of 44.9%.

However, official data may still have illegal issues such as wash trading and behind-the-scenes trading robots, so data should still be compared from multiple sources to increase the accuracy of the information.

The report also explains the increase in trading volume in June, speculating that it was due to the SEC's lawsuit against Binance and Coinbase, and the subsequent BlackRock Bitcoin ETF proposal. Multiple pieces of news caused high price volatility, causing trading volume to rise for the first time in three months: Over the past few months, the growth in Bitcoin futures trading volume has highlighted the increase in trading activity by large institutions as the market is speculating on the SEC's views and decisions on multiple current spot Bitcoin ETF proposals.

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